What is a FIRE Number?

Your FIRE Number is the amount of invested assets required to sustain your lifestyle indefinitely without working. It is typically calculated as 25 times your annual expenses (based on the 4% Safe Withdrawal Rate).

Coast FIRE is the point where you have enough in your retirement accounts that, even if you never contributed another dollar, your portfolio would grow to provide a comfortable retirement by age 65. This allows you to 'coast' by only working enough to cover your current living expenses.

How does inflation affect my FIRE planning?

Inflation reduces the purchasing power of your money over time. This calculator uses 'Real Returns' (nominal return minus inflation) so that your target income and FIRE number are represented in today's dollars, making the plan easier to visualize.

Free FIRE Calculator

Financial Independence and Early Retirement planner for Canadians.

Current Age

Invested Assets ($)

Target Annual Income ($) In today’s dollars (after-tax). Think TFSA withdrawals + eligible dividends.

Monthly Contribution ($)

Safe Withdrawal (%)

Real Return (%)

Financial Independence Age

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FIRE Number: $–

Your Total Contributions

Compound Growth

The Wealth Breakdown

● Out of Pocket: 0%
● Market Heavy Lifting: 0%

Coast FIRE Age Age you reach FIRE if you stop contributing today.

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Canadian FIRE Calculator: Map Your Strategic Path to Financial Independence

Financial Independence, Retire Early (FIRE) isn’t about hope; it’s about math. Use this tool to find your exact “FIRE Number,” model your path to Coast FIRE, and figure out exactly what it takes to exit the 9-to-5 on your own terms.

How to Use This Tool

Toggle between the two calculation modes at the top of the tool to answer your biggest FIRE questions:

•Calculate FIRE Age: Enter your current savings and how much you can contribute monthly. The tool will project the exact age you can retire.
•Set Target Age: Got a specific retirement age in mind? Enter it here, and the tool reverses the math to tell you exactly how much you need to save per month to hit that deadline.
•Target Annual Income: Enter what you want to live on in retirement. Read our guide on How Much to Retire in Canada to calibrate this number based on your lifestyle.
•Track The Metrics: Watch the “Wealth Breakdown” bar to see when your Compound Growth overtakes your principal, and keep an eye on your Coast FIRE Age at the bottom.

Why Your Strategy Matters

Reaching financial independence requires aggressive gap management—widening the distance between what you earn and what you spend—and optimizing your Canadian accounts.

Why the First $100k is the Hardest: See why the “Market Heavy Lifting” bar on the tool stays low at first, but eventually takes over your portfolio.
The Ultimate TFSA Guide for FIRE: To achieve the default 6% Real Return, you must actively shield your investments from the CRA.
Investing Hub: Building Your Portfolio: Learn how to build a low-cost, globally diversified portfolio to sustain that 4% Safe Withdrawal Rate.

Pro Tip: Before you can hit your monthly contribution goal, you must optimize your cash flow. Start with our Budget Planner to find your investable surplus.

This tool provides projections based on historical averages. The FIRE path involves market risk, and individual results will vary based on tax brackets, inflation fluctuations, and the timing of your retirement.

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